Key Client Fiduciary Advisors LLC Grows Stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Key Client Fiduciary Advisors LLC increased its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 4.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,406 shares of the company’s stock after acquiring an additional 65 shares during the period. Key Client Fiduciary Advisors LLC’s holdings in CrowdStrike were worth $496,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of CRWD. FSA Wealth Management LLC grew its stake in shares of CrowdStrike by 11.2% during the 4th quarter. FSA Wealth Management LLC now owns 228 shares of the company’s stock valued at $78,000 after purchasing an additional 23 shares during the period. Jacobi Capital Management LLC boosted its holdings in shares of CrowdStrike by 1.9% in the fourth quarter. Jacobi Capital Management LLC now owns 1,309 shares of the company’s stock worth $448,000 after buying an additional 25 shares during the last quarter. Dorsey & Whitney Trust CO LLC grew its position in CrowdStrike by 1.4% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 1,974 shares of the company’s stock valued at $675,000 after buying an additional 27 shares during the period. Wintrust Investments LLC increased its holdings in CrowdStrike by 4.2% during the fourth quarter. Wintrust Investments LLC now owns 719 shares of the company’s stock valued at $246,000 after buying an additional 29 shares during the last quarter. Finally, Greenwich Wealth Management LLC raised its position in CrowdStrike by 4.0% in the fourth quarter. Greenwich Wealth Management LLC now owns 776 shares of the company’s stock worth $265,000 after acquiring an additional 30 shares during the period. Hedge funds and other institutional investors own 71.16% of the company’s stock.

Analyst Upgrades and Downgrades

CRWD has been the subject of a number of recent research reports. Guggenheim reissued a “neutral” rating on shares of CrowdStrike in a research report on Wednesday, March 5th. Susquehanna lifted their target price on CrowdStrike from $400.00 to $425.00 and gave the company a “positive” rating in a research report on Wednesday, March 5th. Royal Bank of Canada reissued an “outperform” rating on shares of CrowdStrike in a report on Wednesday, March 5th. JMP Securities upped their price target on CrowdStrike from $400.00 to $500.00 and gave the stock a “market outperform” rating in a research report on Monday, May 5th. Finally, Robert W. Baird lowered their price objective on CrowdStrike from $440.00 to $405.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 5th. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-six have assigned a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat, CrowdStrike currently has a consensus rating of “Moderate Buy” and a consensus target price of $422.76.

Insiders Place Their Bets

In related news, Director Sameer K. Gandhi sold 6,250 shares of the company’s stock in a transaction dated Friday, April 4th. The shares were sold at an average price of $324.16, for a total transaction of $2,026,000.00. Following the transaction, the director now directly owns 768,092 shares in the company, valued at approximately $248,984,702.72. This represents a 0.81% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, President Michael Sentonas sold 13,543 shares of the stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $358.62, for a total transaction of $4,856,790.66. Following the completion of the sale, the president now directly owns 405,308 shares in the company, valued at $145,351,554.96. This trade represents a 3.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 195,431 shares of company stock valued at $79,162,548 over the last three months. 3.32% of the stock is owned by company insiders.

CrowdStrike Stock Up 2.0%

Shares of CRWD opened at $488.76 on Wednesday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86. The stock has a market capitalization of $121.15 billion, a price-to-earnings ratio of 958.37, a price-to-earnings-growth ratio of 17.86 and a beta of 1.22. CrowdStrike Holdings, Inc. has a 1 year low of $200.81 and a 1 year high of $491.20. The business’s 50 day simple moving average is $408.78 and its 200-day simple moving average is $385.89.

CrowdStrike (NASDAQ:CRWD) last released its quarterly earnings results on Tuesday, June 3rd. The company reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.66 by $0.07. CrowdStrike had a net margin of 3.39% and a return on equity of 7.11%. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter in the prior year, the firm earned $0.93 earnings per share. CrowdStrike’s revenue was up 19.8% on a year-over-year basis. As a group, equities analysts expect that CrowdStrike Holdings, Inc. will post 0.55 earnings per share for the current fiscal year.

CrowdStrike Company Profile

CrowdStrike Holdings, Inc provides cybersecurity solutions in the United States and internationally. Its unified platform offers cloud-delivered protection of endpoints, cloud workloads, identity, and data. The company offers corporate endpoint and cloud workload security, managed security, security and vulnerability management, IT operations management, identity protection, SIEM and log management, threat intelligence, data protection, security orchestration, automation and response and AI powered workflow automation, and securing generative AI workload services.